mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …

second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced … bias upwards the bidding behavior in existing experimental auctions. We derive the equilibrium bidding function in a model …-price auctions in which human sellers are absent. …

We study first- and second-price private value auctions with sequential bidding where second movers may discover the … usual revenue dominance of first-price over second-price auctions. With a high probability of a leak, second-price auctions …

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion in first-price and second-price auctions. Furthermore, failed collusion attempts distort the bidding behavior in the …

If a government auctions the right to market a good, continuity is likely to be of significant importance. In a …

activities. We use an economic experiment to examine whether the market efficiency of conservation auctions increases or … decreases with repetition. Theory predicts that repetition facilitates collusion among sellers in procurement auctions, while … effects, the latter has the upper hand; average bids decrease monotonically over the consecutive auctions. Since repetition …